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The insurance company I personally use is shelter general insurance. I cannot find an income statement for them. Can someone find it & answer these
The insurance company I personally use is shelter general insurance. I cannot find an income statement for them. Can someone find it & answer these questions (a & b)?
Thanks!
Could you do allstate?
1. Using Table 4-9, perform a vertical analysis of the Mosbacher Insurance Agency a. Using the Internet, obtain the income statement for the insurance company where you insure your automobile (casualty insurance company) and per- form a vertical analysis of this company. b. Compare and contrast the two companies. TABLE 4-9 Income Statement for Mosbacher Insurance Agency $650,000 Mosbacher Insurance Agency Abbreviated Average Income Statement January 1 to December 31 Category Amount Revenue Operating Expenses Salary/Commission 150,000 Phone, Computer, Utilities 10,000 Postage 10,000 Marketing, printing & Advertising 25,000 Insurance 20,000 Rent 15,000 Misc 20,000 Total Operating Expenses $250,000 Operating Income Taxes $ 75,000 Net Income After Taxes $400,000 $325,000 Note: Expenses obtained via memo from Gerson Mosbacher, December 20, 2007. 1. Using Table 4-9, perform a vertical analysis of the Mosbacher Insurance Agency a. Using the Internet, obtain the income statement for the insurance company where you insure your automobile (casualty insurance company) and per- form a vertical analysis of this company. b. Compare and contrast the two companies. TABLE 4-9 Income Statement for Mosbacher Insurance Agency $650,000 Mosbacher Insurance Agency Abbreviated Average Income Statement January 1 to December 31 Category Amount Revenue Operating Expenses Salary/Commission 150,000 Phone, Computer, Utilities 10,000 Postage 10,000 Marketing, printing & Advertising 25,000 Insurance 20,000 Rent 15,000 Misc 20,000 Total Operating Expenses $250,000 Operating Income Taxes $ 75,000 Net Income After Taxes $400,000 $325,000 Note: Expenses obtained via memo from Gerson Mosbacher, December 20, 2007 Step by Step Solution
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